Lyft gains $1B in new financing led by Alphabet investment fund | $1.2B loan approved for toll lanes on Interstate 66 in Va. | Toyota to debut futuristic autonomous car
October 20, 2017
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Lyft gains $1B in new financing led by Alphabet investment fund
Lyft gains $1B in new financing led by Alphabet investment fund
(Kelly Sullivan/Getty Images)
Lyft has received $1 billion in new financing led by Alphabet's investment fund, CapitalG. The financing is in addition to $600 million raised six months ago, and Lyft said the funds will increase the company's valuation to $11 billion.
Reuters (10/20) 
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Rails, Roads & Vehicles
$1.2B loan approved for toll lanes on Interstate 66 in Va.
A $1.2 billion loan for private companies involved in building private toll lanes on Interstate 66 in Virginia has been approved by the federal government. The final design will be the focal point of public hearings next month, and construction could begin by year's end.
WTOP-FM (Washington, D.C.) (10/19),  The Washington Post (tiered subscription model) (10/19) 
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Toyota to debut futuristic autonomous car
Toyota Motor will soon unveil artificial intelligence for autonomous cars that will be able to read the driver's emotions and alertness through actions, expressions and tone of voice. The AI, which could help predict and control dangerous situations, will be displayed in the company's new concept vehicle.
Electronics360 (10/17) 
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Travel Tech
LG, Qualcomm team for "vehicle to everything"
LG Electronics and Qualcomm will collaborate on development of components for autonomous vehicles. The companies have established a "vehicle to everything" research and development lab in Seoul, South Korea, and plan to open another V2X technology R&D lab in South Korea by the end of 2017.
Yonhap News Agency (South Korea) (subscription required) (10/19) 
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Amazon, Garmin welcome Alexa on board
Amazon and Garmin have partnered to bring Alexa's data and analytics into the dashboard of vehicles. By incorporating Alexa into a car's stereo, Garmin Speak will provide audiobooks, music, news and weather through a sound system instead of a speaker.
TechCrunch (10/17) 
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Going Green
Partnership seeks to advance use of biofuels in transport sector
Ethanol Europe Renewables has partnered with UN Climate Change in its efforts to advocate the transport segment's adoption of biofuels. Ethanol and other biofuels are known to help reduce emissions of greenhouse gases, of which the transportation industry is a major source. The agreement was announced ahead of the UN Climate Change Conference that will be held in Bonn, Germany, in November.
Biofuels Digest (10/18) 
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Study: Autonomous car ride-sharing to make inroads in London
The Merge Greenwich consortium said that about 30% of taxi and private-hire trips could use autonomous vehicle ride-sharing services in London by 2025. The consortium, using data collected in Boston, Los Angeles and London, conducted the yearlong study to determine how autonomous vehicle ride-sharing fits into London's transportation network.
Traffic Technology Today (U.K.) (10/17) 
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Policy
De Blasio plans to halt Cuomo's autonomous-car testing
New York City Mayor Bill de Blasio said he will fight "vigorously" to prevent testing of autonomous vehicles in lower Manhattan as proposed by Gov. Andrew Cuomo. De Blasio said Cuomo should have consulted the New York Police Department and the New York City Department of Transportation about testing.
Politico New York (10/19) 
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ITS America News
Smart Cities: The Future, Envisioned
ITS World Congress (Oct. 29 to Nov. 2 in Montreal) has announced five of the cities that will be featured in "The Smart Cities Pavilion," a dedicated area displaying some of the best examples of infrastructure solutions from around the world, at the 2017 event. In addition to the host city of Montreal, the confirmed cities to date include Columbus, Ohio; Singapore; Copenhagen, Denmark; and Christchurch, New Zealand.

These experimental exhibitions will allow delegates and other visitors to see the leadership and innovation taking place now as cities across the globe are using technology to create their vision of next-generation integrated mobility solutions in urban settings.

Learn more about the ITS World Congress and Smart Cities Pavilion here.

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